10 Nov 2021
YETP’s Retention Allowance: Up to a total sum of $12,000
YETP is free of charge and offers you an allowance, up to a total sum of $12,000!
YETP’s Retention Allowance
A 3-year Retention Allowance Pilot Scheme under YETP was launched on 1 September 2020 to encourage trainees to undergo and complete on-the-job training, thereby stabilising employment.
During the Pilot Scheme period, trainees are eligible for a retention allowance of $3,000 if they are engaged in full-time on-the-job training for 3 months and an additional $1,000 for completion of each subsequent month. For part-time on-the-job training, the respective amounts grantable will be halved. Each eligible trainee would be granted retention allowance for a maximum period of 12 months (i.e. up to $12,000) under the Pilot Scheme.
Eligibility for YETP
- Young school leavers aged 15 to 24
- Sub-degree level or below (or equivalent)
- No related academic qualification and work experience required
- Lawfully employable in Hong Kong
For details, please refer to the website of YETP of the Labour Department or contact the Programme Office at 2112 9932.